Non-Farm Payrolls are here; will Ethereum continue to rise as expected?

ETH Technical Trend Opinion: The market on Wednesday was negatively impacted by the unexpected U.S. June ADP employment report, which showed a previous value of 2.9, a forecast value of 9.5, and an actual value of -3.3, pushing Ethereum's strong bullish trend from an intraday low of 2367 all the way up to 2618, closing at 2569 with a gain of 6.89%【165.72 USD】. This closely aligns with our expected target of 2600 from yesterday's article. Tonight, we need to continue to pay attention to the non-farm employment population data report; from a technical perspective, a large bullish candle was formed yesterday; perhaps the second phase of the daily trend has started, with the next target testing upwards at 2800-2900;

In terms of the 4-hour technical trend, the three moving averages have formed a golden cross; at the same time, a clear upward trend line has formed; the resistance at the 2500 level has been strongly broken; operationally, we mainly base our outlook on the above bullish indicators; one can look for buying signals during corrections on the 1-hour cycle to enter long positions; protect below 2480 with a target looking at 2680-2700.

We won’t bring fans to explode the cabin, nor will we blindly open positions.

It’s all about seeking stability and winning steadily; those who want to profit should hurry up and get on board!

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